Nextstop was launched just over two years ago and enabled nextstop users to write short travel reviews and recomendations. nextstop was founded by Adrian Graham, Carl Sjogreen (both ex-Google) and Charles Lin. Termes of the deal were disclosed, but the announcement said nextstop.com will be shutting down on September 1, 2010. The liklihood is that Facebook are using the acquisition to acquire the people.
From the announcement, “What this means is that we’ll be joining Facebook and that Facebook has bought most of our assets. This creates a number of big changes for the nextstop product and our community, but we believe it’s an opportunity for some of the ideas behind nextstop to reach Facebook’s audience of more than 400 million users and have a much bigger impact on the world than we could on our own.”
Location: USA, Palo Alto, CA
Related article – Facebook acquires ShareGrove Posted May 27, 2010